Bought with Realtor NonMember MEIAR • NonMember MEIAR
$115,000
$127,900
10.1%For more information regarding the value of a property, please contact us for a free consultation.
1303-1305 Sycamore Street Anderson, IN 46016
3 Beds
2 Baths
2,870 SqFt
Key Details
Sold Price $115,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,870 sqft
Subdivision Englewood
MLS Listing ID 202613963
Sold Date 05/19/26
Style One and Half Story
Bedrooms 3
Full Baths 2
Abv Grd Liv Area 2,870
Total Fin. Sqft 2870
Year Built 1944
Annual Tax Amount $750
Tax Year 2025
Lot Size 4,791 Sqft
Property Sub-Type Duplex
Property Description
This package features six consistently high-demand rental duplex properties (12 units) situated in the Anderson, IN market. The portfolio offers a secure, well-managed investment with immediate upside potential. Stable Income Stream: The properties demonstrate strong, reliable cash flow, supported by excellent historical rent collection and exceptional occupancy rates (minimal historical vacancy). Turnkey Efficiency: Current owners have meticulously maintained the units, significantly minimizing the need for immediate Capital Expenditure (CapEx). Value-Add Opportunity: Current rents are below prevailing market rates for comparable local properties, providing a clear path for substantial income growth through gradual rent increases to achieve market value. Tenant Stability: Due to diligent maintenance, the properties have high long-term tenant satisfaction, contributing to low turnover. Seller will sell individually or as a group-addresses: 403-405 W 5th St, 1105-1107 W 11th St, 1109-1111 W 11th St, 1303-1305 Sycamore, 615-615 1/2 Madison and 1815 - 1815 1/2 Fletcher.
Location
State IN
County Madison County
Area Madison County
Direction GPS Friendly
Rooms
Family Room 820
Dining Room 0 x 520
Interior
Flooring Other
Appliance Building, Lease
Laundry , 4
Exterior
Garage Spaces 1.0
Amenities Available Basement
Total Parking Spaces 4
Building
Lot Description Level
Story 2
Structure Type Vinyl
New Construction No
Schools
Elementary Schools Anderson
Middle Schools Highland
High Schools Anderson
School District Anderson Community
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IDX information provided by the Indiana Regional MLS. © 2026 Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. All Rights Reserved.
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